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Office

Immofinanz sells two office buildings in Vienna

Immofinanz is taking another step in optimising its portfolio by selling two office properties in Vienna. The properties in the 20th district of Vienna have been successfully sold to an Austrian real estate investor. According to Immofinanz, the sale was above book value.
Friday, 15. March 2024

Three Crowns signs lease at The JJ Mack Building

Helical and Ashby Capital have let the eighth floor comprising 15,484 sq ft of best-in-class office space at The JJ Mack Building, 33 Charterhouse Street, EC1 on a 15 year lease to Three Crowns. The firm plans to relocate from its existing offices at New Fetter Place in early 2025.
Friday, 15. March 2024

HIH Invest completed Twentyone in Berlin

HIH Invest Real Estate announced the completion of its Twentyone office scheme in Berlin. The new building at Saarbrücker Strasse 21 in the Prenzlauer Berg district supplements a building cluster on the grounds of the former Königstadt brewery that HIH Invest manages on behalf of an institutional investor.
Thursday, 14. March 2024

Publity sells office property in Wilhelmshaven

Publity AG as asset manager has sold an office property in the port city of Wilhelmshaven. The property has a total rental area of over 4,000 square meters and is let to the port operator JadeWeserPort. The remaining lease term (WALT) in the property is 9.4 years. The modern office building is in an attractive and central loc...
Thursday, 14. March 2024

TriGranit and Revetas obtain occupancy permit for Millennium Gardens

TriGranit and Revetas Capital have officially obtained the occupancy permit for the second phase of Millennium Gardens. This achievement represents a noteworthy milestone in the development of Budapest's sustainable office landscape.
Thursday, 14. March 2024

Zeitgeist secures two new tenants for Palác Dunaj

The international law firm CMS and the European Investment Bank (EIB) have rented office space in the newly renovated Palác Dunaj building on Národní třída. The total occupancy has now reached almost 80%. Only one floor of offices and retail units on the ground floor of the building remain vacant, though negotiations with pot...
Thursday, 14. March 2024

Real I.S. enters Portuguese market with acquisition in Lisbon

Real I.S. AG has acquired the office property K-Tower in Lisbon for its open-ended retail property investment fund Realisinvest Europa. Seller is the family-owned developer Krest Real Estate Investments. The parties have agreed not to disclose the price of the deal.
Wednesday, 13. March 2024

Plans to transform Charing Cross submitted to Glasgow City Council

Proposals to deliver a “once in a lifetime” regeneration of Charing Cross have taken a step forward with the submission of a new planning application by submission of a new planning application by CXG Glasgow Limited, a subsidiary of Tracey Investments Limited and owners of the Venlaw building and Elmbank Gardens, in conjunct...
Wednesday, 13. March 2024

LaSalle appoints Bouygues for Bergère redevelopment

LaSalle Investment Management has appointed Bouygues Rénovation Privée as the main contractor for the redevelopment of Bergère, a landmark office-led, highly-amenitized workspace project in Paris.
Tuesday, 12. March 2024

CapitaLand secures ECB as new anchor tenant at Gallileo

CapitaLand has secured the European Central Bank (ECB) as the new anchor tenant at Gallileo, the 38-storey Grade A office building located in the banking district of Frankfurt am Main. The financial regulator has signed a lease agreement for a period of 10 years.
Tuesday, 12. March 2024

AXA IM Alts gets £480m development loan for 50 Fenchurch Street

AXA IM Alts has secured a £480 million construction loan from Cale Street to fund the development of its 650,000 sq ft (60,000 sqm) next generation office building at 50 Fenchurch Street. This transaction represents one of the largest development loans agreed ahead of any pre-let in the UK since the beginning of 2023.
Monday, 11. March 2024

Real I.S. buys back Munich head office from LaSalle IM

Real I.S. has bought back its Munich headquarters from LaSalle Investment Management for its special AIF investing in Germany. The Munich-based company sold the „Alte Mälzerei“ office property to the E-REGI fund managed by LaSalle in 2017.
Monday, 11. March 2024

Deka Immobilien buys top properties in Canada

Deka Immobilien has entered into contract to acquire a Class-A office complex in Vancouver from a joint venture between Oxford Properties and the Canada Pension Plan Investment Board. The properties will be added to the portfolio of the Deka-ImmobilienGlobal open-ended real estate fund. The parties have agreed not to disclose...
Friday, 8. March 2024